Posted: Feb 22, 2010 5:00
The pound turns stronger and less volatile. PM Theresa May's government survived a confidence vote yesterday, as widely expected. The latest GBP bounce is emerging after optimistic DUP comments regarding today's talks with May. Consolidation was the theme in the broader market but yen crosses made some headway into Thursday. Euro regains 1.14 , while gold forms a bullish pennant. Yesterday's release of US retail sales did not happen due to the ongoing govt shutdown. We turn to the Philly Fed survey, expected at 9.5 from 9.4 (currently the weakest since Aug 2016). Yesterday's two Premium trades have been filled and are in progress.